https://www.taxtmi.com/caselaws?id=406665 The Court upheld the respondent-assessee's claim for the benefit of the curative amendment made by the Finance Act, 2010, despite filing the return before the enactment of the amendment. Emphasizing the need for a liberal interpretation of tax laws to prevent unintended hardships for taxpayers, the Court dismissed the Revenue's appeal. The decision was based on established principles by the Supreme Court supporting the retrospective application of such amendments to avoid adverse consequences for taxpayers, particularly those with limited financial capacities. en-us Thu, 25 Mar 2021 00:00:00 +0530 Mon, 19 Apr 2021 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406665 The Court upheld the respondent-assessee's claim for the benefit of the curative amendment made by the Finance Act, 2010, despite filing the return before the enactment of the amendment. Emphasizing the need for a liberal interpretation of tax laws to prevent unintended hardships for taxpayers, the Court dismissed the Revenue's appeal. The decision was based on established principles by the Supreme Court supporting the retrospective application of such amendments to avoid adverse consequences for taxpayers, particularly those with limited financial capacities. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406665